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  HOME | Uruguay

Indicted Senior Official Resigns in Uruguay

MONTEVIDEO – The head of Uruguay’s National Development Corporation, or CND, Fernando Calloia, said Tuesday that he was stepping down after being indicted for his role in the liquidation of Pluna airline when he was chief of state-run Banco Republica.

“As of today (President) Tabare Vazquez will have my letter of resignation on his desk,” Calloia told Radio Oriental.

Calloia and former Economy and Finance Minister Fernando Lorenzo were charged in 2014 with “abuse of authority” in the handling of Pluna’s bankruptcy.

The Supreme Court overturned on Monday an appeals court decision that had quashed the indictment.

Calloia became head of CND on June 28.

Congress voted in 2012 to approve then-President Jose Mujica’s motion for the liquidation of Pluna, which was in dire financial straits.

The case against Calloia and Lorenzo is centered on the failed auction of Pluna’s aircraft as part of the liquidation process, and the $13.6 million guarantee Banco Republica extended to a firm, Cosmo, that ultimately failed to pay for the planes.

Prosecutors say that Calloia and Lorenzo “exceeded the legal framework of their respective functions.”

Lorenzo resigned his ministerial post in December 2013, while Calloia left Banco Republica when he was indicted in April 2014.

 

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